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the world’s first crypto war and NFT fundraising

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conflict & cryptocurrency 

 

russia’s invasion of ukraine is being described as the largest military attack in europe since world war II. it’s also being called the world’s first crypto war (first by the washington post) as both countries are using cryptocurrency to their advantage. while analysts debate whether or not russia could get around sanctions and the international banking system with crypto, ukraine has been harnessing digital currencies to raise emergency funds.

 

on february 26th, two days after russia announced its ‘special military operation’ in ukraine, the official twitter account of the ukrainian government tweeted, ‘stand with the people of ukraine. now accepting cryptocurrency donations. bitcoin, ethereum and USDT.’  as of yesterday, march 4th, $50 million from crypto donations and NFT sales had already been raised in support of the country. vice prime minister of ukraine mykhailo fedorov took to twitter to announce the total donations so far:

 

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